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To: Gottfried who wrote (3444)5/29/2003 10:08:14 PM
From: BWAC  Respond to of 3813
 
To quote my favorite Homebuilder: "You aren't buying a house, you're buying a location"

The value of a house is what the basic materials and labor cost. The rest is the value of the location. The bubble is in the location component.



To: Gottfried who wrote (3444)5/30/2003 5:26:52 AM
From: SemiBull  Read Replies (1) | Respond to of 3813
 
OT

http://www.economagic.com/em-cgi/charter.exe/cenc25/c25m01+1...

doesn't look like a bubble to me

I would be curious to see data pre-1961 - unfortunately, that does not appear available on your link.



To: Gottfried who wrote (3444)5/30/2003 8:23:47 AM
From: willcousa  Respond to of 3813
 
I think there is more variation at the high end of the housing market which probably gets washed out in the chart. Here homes above $750,000 have slowed way down for the past nine months.


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